DB Root & Company LLC Purchases New Position in Netflix (NASDAQ:NFLX)

14 April, 2018, 13:58 | Author: Terri Saunders
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The company remains confident of adding more subscribers as the trend of binge viewing is catching up fast.

Other institutional investors have also recently added to or reduced their stakes in the company. Currently, the stock has a 1 Year Price Target of $286.62. (NASDAQ:NFLX). Pennsylvania-based Fragasso Grp Inc Inc Inc has invested 0.06% in Netflix, Inc. MKM Partners raised their target price on Netflix from $230.00 to $245.00 and gave the stock a "buy" rating in a research report on Thursday, November 30th. The rating was upgraded by Macquarie Research on Thursday, January 19 to "Neutral". Goldman Sachs maintained it with "Buy" rating and $235.0 target in Friday, October 13 report. Logan Capital has invested 1.93% in Netflix, Inc. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The stock increased 0.78% or $2.4 during the last trading session, reaching $311.65. Blb&B Ltd Limited Liability Company owns 1,104 shs. The company has Beta Value of 0.98 and ATR value of 12.75. Netflix has a twelve month low of $138.66 and a twelve month high of $333.98.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.41. The business had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.47 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. During the same period past year, the business earned $0.15 earnings per share. After $0.41 actual earnings per share reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 53.66% EPS growth. The stock was sold at an average price of $325.00, for a total transaction of $3,125,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. $175,329 worth of stock was sold by KILGORE LESLIE J on Thursday, January 4. The shares were sold at an average price of $263.00, for a total transaction of $92,050.00. Following the completion of the sale, the director now directly owns 35,994 shares in the company, valued at $7,954,314.06. The disclosure for this sale can be found here. Insiders have sold 445,545 shares of company stock worth $120,523,106 over the last three months. Robert W. Baird maintained the stock with "Hold" rating in Wednesday, October 4 report.

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A number of hedge funds have recently made changes to their positions in the business. Balentine LLC grew its holdings in Netflix by 1,020.4% in the 3rd quarter. Catalyst Capital Advisors LLC bought a new stake in Netflix during the third quarter valued at about $173,000. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network's stock valued at $321,187,000 after purchasing an additional 506,700 shares during the last quarter. Inc. boosted its holdings in Netflix by 47.1% during the fourth quarter. Integrated Wealth Management now owns 1,804 shares of the Internet television network's stock valued at $165,000 after buying an additional 199 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of Netflix by 8.5% in the fourth quarter. A-R-T- Advisors Llc bought 73,100 shares as the company's stock rose 58.31% while stock markets declined. "Root & Company LLC Purchases New Position in Netflix (NASDAQ:NFLX)" was posted by registrarjournal.com and is the sole property of of registrarjournal.com. If you are viewing this article on another publication, it was stolen and republished in violation of USA and global trademark and copyright laws.

Through Netflix, fans can watch Something in the Rain anytime and anywhere with any internet-connected device, including mobile phones, tablets, and television. It operates in three divisions: Domestic Streaming, International Streaming, and Domestic DVD.249.31 is the P/E ratio.

A new study from video analytics company 7Park Data, which analyzed viewing habits over a yearlong period ending last September, found that 80% of Netflix viewership in the USA was attributed to licensed shows - including network television reruns - with the remaining 20% attributed to originals.

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